Monthly Rent Report
Santa Monica Rent Report — November 2024
Asking rents in ZIP 90403, Los Angeles, from 97 listings.
Median 1BR rent in Santa Monica was $3,500 in November 2024, up 22.4% (+$640) from October 2024 and up 38.8% year-over-year. The middle half of 1BR listings asked between $3,500 and $3,500. That puts Santa Monica $1,428 above the Los Angeles citywide 1BR median of $2,073. The month's figures are based on 97 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,850 | −$22 (-1.2%) | −$250 (-11.9%) | $1,850 – $1,850 | 1 |
| Studio | $2,295 | +$423 (+22.6%) | +$195 (+9.3%) | $2,186 – $2,295 | 16 |
| 1BR | $3,500 | +$640 (+22.4%) | +$978 (+38.8%) | $3,500 – $3,500 | 1 |
| 1BR | $2,795 | −$65 (-2.3%) | +$273 (+10.8%) | $2,600 – $2,895 | 45 |
| 2BR | $4,000 | +$705 (+21.4%) | +$101 (+2.6%) | $3,695 – $4,150 | 23 |
| 2BR | $3,800 | +$505 (+15.3%) | −$99 (-2.5%) | $3,775 – $4,150 | 3 |
| 3BR | $5,195 | −$205 (-3.8%) | −$705 (-11.9%) | $4,921 – $6,795 | 4 |
| 4BR | $13,748 | −$1,247 (-8.3%) | +$6,748 (+96.4%) | $11,500 – $14,995 | 4 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — November 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,850 | $1,750 | +$100 (+5.7%) |
| Studio | $2,295 | $1,750 | +$545 (+31.1%) |
| 1BR | $3,500 | $2,073 | +$1,428 (+68.9%) |
| 1BR | $2,795 | $2,073 | +$723 (+34.9%) |
| 2BR | $4,000 | $2,850 | +$1,150 (+40.4%) |
| 2BR | $3,800 | $2,850 | +$950 (+33.3%) |
| 3BR | $5,195 | $3,895 | +$1,300 (+33.4%) |
| 4BR | $13,748 | $5,220 | +$8,528 (+163.4%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in November 2024.